April 29, 2013 / 8:26 PM / 4 years ago

Hertz profit beats on higher pricing

April 29 (Reuters) - Hertz Global Holdings Inc reported a better-than-expected quarterly profit due to strong demand for car rentals and higher pricing.

The company posted a net income of $18.0 million, or 4 cents per share, in the first quarter, compared with a loss of $56.3 million, or 13 cents per share, a year earlier.

Excluding items, Hertz earned 21 cents per share, above analysts’ estimates of 17 cents per share.

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